Ministers and Assistant Ministers for the Department of Industry, Innovation and Science

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Steel symposium an opportunity to gain global insights

13 April 2016

Global trends in steel manufacturing will be at the centre of the agenda when the Assistant Minister for Science, Karen Andrews, visits Brussels next week for the OECD Steel Symposium and Steel Committee meeting.

The symposium will cover the pressing issues facing the steel industry, particularly the global oversupply of steel and the potential challenges this worldwide glut is creating.

“The symposium will be attended by representatives from government, industry and other stakeholders from across the world, providing an invaluable opportunity for Australia to gain an enhanced appreciation of the problems that other countries are experiencing and the solutions they are implementing,” Mrs Andrews said.

“The steel industry is critical for Australia and this symposium is an important opportunity for Australia to share its experiences with representatives from other countries.”

Mrs Andrews said a range of recent Government reforms had assisted the Australian steel industry.

“These include enhanced anti-dumping arrangements, repealing the carbon tax and providing a 100 per cent exemption from the Renewable Energy Target for emissions-intensive, trade-exposed industries.

“The Government’s deregulation agenda has also assisted by removing more than $4.8 billion in red tape since September 2013.”

Mrs Andrews said Australian representation at the symposium would provide the nation with a vital insight into the future direction of the steel industry, ensuring it remained at the forefront of the rapid change and development occurring in the sector.

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The department acknowledges the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. We pay our respect to them and their cultures and to the elders past and present.